Stock Market News / Page 20

Technical Analysis – Meta stock regains traction ahead of Q3 earnings

Posted on October 25, 2023 at 11:51 am GMT

Meta stock pulls back from 2023 peak Halts decline and attempts rebound in the last few sessions But oscillators suggest fading positive momentum Meta’s (Facebook) stock has been in a steep uptrend since it bottomed out in October 2022, while defying the broader market pullback since late summer. In the near-term, the price has been showing some weakness after hitting a fresh 2023 high, but near-term risks remain tilted to the upside. If the reported financials later today surprise to the upside, the bulls [..]

Technical Analysis – Amazon stock undecided ahead of Q3 earnings

Posted on October 25, 2023 at 8:41 am GMT

Amazon stock experienced a downside correction from 2023 high Has been trading without clear direction since then Momentum indicators suggest a cautiously positive bias Amazon’s stock had been in a steady uptrend since the beginning of the year, attempting to erase part of its huge 2022 decline. However, in mid-September the stock pulled back from its 2023 peak, with the price trading sideways below the 50-day simple moving average (SMA) for the first time since early March. Should the share price [..]

Amazon stock awaits earnings results for direction – Stock Markets

Posted on October 24, 2023 at 7:13 am GMT

Amazon is forecast to announce another round of strong results But valuations suggest it remains expensive compared to its peers Results are scheduled for Thursday, after Wall Street’s closing bell Another round of stellar results? Starting as an online bookstore, Amazon is now one of the world’s largest and most diversified firms, with its current businesses including selling all kinds of goods, streaming services, cloud computing and even health care. The company has been growing rapidly in recent years, but [..]

What do Q3 earnings hold for Microsoft’s stock? – Stock Markets

Posted on October 23, 2023 at 1:24 pm GMT

Microsoft earnings to be released after market close on October 24 Both earnings and revenue expected to jump on an annual basis Valuation remains stretched against its tech peers Solid performance driven by AI initiatives Microsoft has fared relatively well in 2023 amid a broader tech rally driven by the Artificial Intelligence (AI) hype. The second most valuable publicly traded company in the world is considered to be the leader in the AI race due to its close partnership with OpenAI, ChatGPT’s parent. Besides that, [..]

Technical Analysis – US 100 cash index edges lower; key levels ahead

Posted on October 23, 2023 at 9:28 am GMT

US 100 cash index remains under bearish pressure Prepares to test the September lows as geopolitics dictate sentiment Momentum indicators point to a continuation of the current move The US 100 cash index is trying to record its fifth consecutive red candle for the first time since April. The bears continue to take advantage of the current bearish sentiment that is fuelled by unfolding geopolitical developments. Their main target appears to be a lower low, below the recent 14,430 low, in [..]

Will Alphabet’s earnings tempt investors to buy more of its stock? – Stock Markets

Posted on October 20, 2023 at 8:06 am GMT

Alphabet is expected to report a nearly 10% increase in revenue Despite latest rally, it remains relatively cheap compared to its peers Results are scheduled to be released on October 24, after closing bell Forecasts point to another quarter of solid results Since the prior earnings season, when Alphabet reported better-than-expected results for Q2, the firm’s shares rose more than 10%, outperforming all the other US mega-cap tech companies of the ‘Magnificent 7’ group. On Tuesday, Google’s parent is forecast [..]

Technical Analysis – Netflix stock set for a great open

Posted on October 19, 2023 at 1:20 pm GMT

Netflix to rally after upbeat subscription numbers Bullish trend reversal not likely yet Netflix attracted an outsanding number of 8.8 million new net subscribers during the third quarter probably on the back of password sharing restrictions, with its stock trading almost 15% higher during the pre-market hours on Thursday. The price halted its latest decline near the former resistance of 345 taken from April-May 2023. This could be an ideal place for a rebound, though sentiment could remain fragile [..]

Technical Analysis – Will the US 500 index put brakes to the bearish storm?

Posted on October 19, 2023 at 11:39 am GMT

The US 500 index follows a short-term negative path Approaches key support area. Will the bulls take control? The US 500 stock index (cash) is probably set for another bearish round on Thursday as the technical signals remain gloomy. The RSI has fallen back below 50 and the stochastic oscillator is not yet at its oversold level of 20, indicating that sellers still have momentum. In other discouraging signs, the shorter- and longer-term simple moving averages (SMAs) have negatively [..]

Technical Analysis – Tesla stock in symmetrical triangle ahead of earnings

Posted on October 18, 2023 at 7:55 am GMT

Tesla stock generates a symmetrical triangle pattern Battles with 50-day SMA ahead of its earnings call on Wednesday Momentum indicators suggest a cautiously negative tone Tesla’s stock has been generating a structure of lower highs but higher lows after peaking at the 2023 high of 298.70 in July. In the near term, the price experienced a minor pullback, which got curtailed by the 50-day simple moving average (SMA) as earnings announcement looms. Should selling pressures intensify, the price could face [..]

Can Netflix’s Q3 earnings halt the stock retreat? – Stock Markets

Posted on October 17, 2023 at 1:54 pm GMT

Netflix reports financial results on Wednesday after the closing bell Revenue and earnings set to grow despite stock slide in Q3 Valuation at considerably high levels Poor third quarter jeopardises a solid year Undoubtedly, Netflix has been the best performer in the streaming sector in 2023 as its competitors have been struggling to achieve profitability. The online streaming giant’s share price had gained more than 60% in the first half of the year, but it has been in a constant decline since its [..]

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